Data from market analysis firm FiinGroup revealed that the consumer finance segment grew 59 per cent on-year in the period of 2013-2017. In 2018, overall growth registered at 30.4 per cent. The slowdown is attributed to market development, growing from a larger base, and the increasing exposure to real estate loans, as well as the saturation of some key consumer finance products such as installment loans for home appliances and electronics. … [Read more...] about Consumers risk higher defaults amid lending sector fluctuation

On account of the registration fee cut, however, many dealers say that the Honda CR-V will lose many of its advantages and even have to join a price war with domestically assembled vehicles. CR-V vehicles are now priced between VND983 million ($42,700) and VND1.1 billion ($47,500), and customers in Hanoi have to pay VND118-131 million ($5,100-5,700) registration fee, while customers only need to pay about VND60 million ($2,600) for a locally built rival Mazda CX-5 or a Hyundai, as registration fees have been cut by 50 per cent for domestically-produced cars. This shows that the future of Honda CR-V in Vietnam is uncertain as price is still a determining factor in sales in the market. … [Read more...] about BUSINESS NEWS HEADLINES MAY 30